Foreclosure activity falls to lowest level since 2005

There was a significant decrease in foreclosures at the end of the third quarter of 2018, according to ATTOM Data Solutions‘latest Foreclosure Market Report.

Notably, only 177,146 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This is the lowest level since the fourth quarter of 2005, marking a nearly 13-year low.

The states with the highest foreclosure rates included Maryland with one in every 379, Delaware which had one in every 315 and New Jersey where one in every 267 housing units experienced a foreclosure.